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> Canada needs cheaper cars than US manufacturers want to provide. So does the U.S.
by JKCalhoun 10mo ago
> Canada needs cheaper cars than US manufacturers want to provide.
So does the U.S.
- busterarm 10mo agoThat's an opinion. One I agree with in principal, but not reflected in sales figures. Also I'd be willing to bet that if interest rates dropped, car purchasing would skyrocket even at current prices.
- JKCalhoun 10mo agoPeople in the U.S. have to own a car. There are no inexpensive options any longer. Car loans would be ticking time bomb on the U.S. economy. All it takes are waves of layoffs and therefore droves of unemployed people saddled with car loans.
- busterarm 10mo agoUS car sales are pretty consistent between 12mil & 17mil per year going back to the mid 70s, which spans a few recessions at this point...
- overfeed 10mo ago> One I agree with in principal, but not reflected in sales figures. In the absence of perfect competition and perfect information, one cannot infer from the absence of sales that there is no demand for item X.